Word: traded
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Dates: during 1970-1979
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These relatively small exports will not balance the U.S.'s $30 billion trade deficit. But they add up, and they help. Most important, the sales show that Yankee traders can indeed crack the foreign market-if they show a little ingenuity...
...dollar, which has unsettled Europe's money and hurt E.C. economies. Every time the dollar dropped against the strong German mark, it also dropped-less so-against most of Europe's other, not-so-strong currencies. This caused annoying changes in the exchange rates between countries. Export trade was slowed because businessmen had to calculate and recalculate prices, and multinational companies postponed transborder E.C. investments because they could not forecast investment returns easily in their own currency...
...longer term, however, members of a united Europe might increase trade more with themselves than with the U.S., and a strong, viable ecu ultimately might rival the dollar as a real reserve currency. If that ever happens, Arab and other foreign governments might be tempted to sell dollars in order to invest in that odd new creature that has six parents...
...eleven days after the ghastly events in Guyana had been disclosed to the world, two paperbacks with $2.50 price tags hit the stands: Bantam's The Suicide Cult and Berkley's Guyana Massacre. Produced by teams of journalists, the "instant" books, as they are known in the trade, feature photographs, background chapters on the Peoples Temple and firsthand accounts by reporters who had accompanied Representative Leo Ryan on his fatal journey...
...There may not be much wrong with such knick-knacks-as long as they don't become substitutes, in people's minds, for the real thing. Mechanical reproduction clumsily mimics but cannot replace the intimate spontaneity and directness of an artist's touch. The clone trade is to real art and its audience what Franklin Mint medals are to numismatists, or vinyl-morocco Great Books to bibliophiles...